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[ferro-alloys.com]Allegheny Technologies Incorporated (NYSE: ATI) reported second quarter 2018 results, with sales of $1.01 billion and net income attributable to ATI of $72.8 million, or $0.52 per share, a $0.10 per share sequential improvement compared to the first quarter 2018 and a $0.20 per share increase compared to adjusted first quarter 2018 results of $0.32 per share, which excludes the Q1 stainless sheet joint venture gain. Compared to the prior year quarter, ATI sales were 15% higher and earnings per share of $0.52 was more than five times the Q2 2017 results of $0.09 per share.

Second Quarter 2018 Results

Sales were $1.01 billion, 15% higher than Q2 2017 and 3% higher than Q1 2018

High Performance Materials & Components sales of $592 million, up 12% versus Q2 2017 and 6% higher than Q1 2018

Flat Rolled Products sales of $418 million, up 18% versus Q2 2017 and even with Q1 2018

Business segment operating profit was $124 million, or 12.3% of sales

HPMC segment operating profit was $97.9 million, or 16.5% of sales

Q2 continued strong aero-engine market sales trend

FRP segment operating profit was $26.1 million, or 6.3% of sales

Net income attributable to ATI was $72.8 million, or $0.52 per share

• [Editor:王可]